GRENKE AG NA O.N.

- EUR (-)

- 15 min delayed data - Germany Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	GLJ
ISIN:	DE000A161N30

GRENKE AG NA O.N. - Daily - Technical analysis published on 03/08/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 23.44 EUR

My targets

21.00 EUR (-6.67%)

19.28 EUR (-14.31%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GRENKE AG NA O.N. as long as the price remains well below 23.44 EUR. The sellers' bearish objective is set at 21.00 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.28 EUR. In case of crossing, the next objective would be the support located at 18.04 EUR.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The GRENKE AG NA O.N. price is 22.50 EUR. On the day, this instrument gained +1.35% with the lowest point at 21.85 EUR and the highest point at 22.50 EUR. The deviation from the price is +2.97% for the low point and 0% for the high point.

21.85

22.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GRENKE AG NA O.N.:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GRENKE AG NA O.N. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

White hanging man / hammer

Type : Neutral

Timeframe : Daily

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.04	19.28	21.00	22.50	23.44	25.48	27.20
Change (%)	-19.82%	-14.31%	-6.67%	-	+4.18%	+13.24%	+20.89%
Change	-4.46	-3.22	-1.50	-	+0.94	+2.98	+4.70
Level	Major	Intermediate	Minor	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.53	21.87	22.03	22.37	22.53	22.87	23.03
Camarilla	22.06	22.11	22.15	22.20	22.25	22.29	22.34
Woodie	21.45	21.83	21.95	22.33	22.45	22.83	22.95
Fibonacci	21.87	22.06	22.18	22.37	22.56	22.68	22.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.60	22.00	22.30	22.70	23.00	23.40	23.70
Camarilla	22.41	22.47	22.54	22.60	22.66	22.73	22.79
Woodie	21.55	21.98	22.25	22.68	22.95	23.38	23.65
Fibonacci	22.00	22.27	22.43	22.70	22.97	23.13	23.40

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.53	21.02	21.83	23.32	24.13	25.62	26.43
Camarilla	22.02	22.23	22.44	22.65	22.86	23.07	23.28
Woodie	19.20	20.85	21.50	23.15	23.80	25.45	26.10
Fibonacci	21.02	21.90	22.44	23.32	24.20	24.74	25.62

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	41.50
MACD (12,26,9):	-0.3200
Directional Movement:	-14.21
AROON (14):	-92.86
DEMA (21):	22.51
Parabolic SAR (0,02-0,02-0,2):	23.11
Elder Ray (13):	-0.53
Super Trend (3,10):	23.56
Zig ZAG (10):	22.50
VORTEX (21):	0.7900
Stochastique (14,3,5):	15.92
TEMA (21):	22.29
Williams %R (14):	-71.74
Chande Momentum Oscillator (20):	-1.05
Repulse (5,40,3):	0.1800
ROCnROLL:	2
TRIX (15,9):	-0.1400
Courbe Coppock:	11.35

MA7:	22.44
MA20:	23.13
MA50:	23.42
MA100:	22.92
MAexp7:	22.49
MAexp20:	22.88
MAexp50:	23.17
MAexp100:	23.29
Price / MA7:	+0.27%
Price / MA20:	-2.72%
Price / MA50:	-3.93%
Price / MA100:	-1.83%
Price / MAexp7:	+0.04%
Price / MAexp20:	-1.66%
Price / MAexp50:	-2.89%
Price / MAexp100:	-3.39%

Quotes : - 15 min delayed data - Germany Stocks

News

The latest news and videos published on GRENKE AG NA O.N. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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